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KembaraXtra – Legal Terms – Misfeasance
Misfeasance generally means the improper or negligent performance of a lawful act.
In company law, the term often refers to breaches of duty or misuse of company assets by company officers, directors, or others owing fiduciary obligations.
The concept differs from malfeasance, which involves unlawful acts, and nonfeasance, which involves failure to act where action is required.
Misfeasance generally means the improper or negligent performance of a lawful act.
In company law, the term often refers to breaches of duty or misuse of company assets by company officers, directors, or others owing fiduciary obligations.
The concept differs from malfeasance, which involves unlawful acts, and nonfeasance, which involves failure to act where action is required.
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